AMERICAN JIANYE GREENTECH HOLDINGS, LTD. (Form: 10-Q, Received: 11/15/2010 14:15:07)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_______________


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

For the quarterly period ended September 30, 2010


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

For the transition period from ______ to ______.

AMERICAN JIANYE GREENTECH HOLDINGS, LTD.

(Exact name of registrant as specified in Charter)

Nevada

333-144228

20-5548974

(State or other jurisdiction of

incorporation or organization)

(Commission File No.)

(IRS Employee Identification No.)

136-20 38th Ave. Unit 3G

Flushing, NY 11354

(Address of Principal Executive Offices)

_______________

718-395-8706
(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. Yes x 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 x

Indicate by check mark whether the registrant is a larger accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of "accelerated filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check one)


Large accelerated filer ¨	Accelerated filer ¨
Non-accelerated filer ¨	Smaller reporting company x

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

State the number of shares outstanding of each of the issuer’s classes of common equity, as of November 15, 2010: 31,100,770 shares of common stock.

AMERICAN JIANYE GREENTECH HOLDINGS, LTD.

FORM 10-Q

September 30, 2010

INDEX

PART I-- FINANCIAL INFORMATION


Item 1.	Financial Statements
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations
Item 3.	Quantitative and Qualitative Disclosures About Market Risk
Item 4.	Control and Procedures

PART II-- OTHER INFORMATION


Item 1	Legal Proceedings
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds
Item 3.	Defaults Upon Senior Securities
Item 4.	(Removed and Reserved)
Item 5.	Other Information
Item 6.	Exhibits

SIGNATURE

ITEM 1. Financial Information

AMERICAN JIANYE GREENTECH HOLDINGS, LTD.


FINANCIAL STATEMENTS

Condensed Consolidated Balance Sheets as of September 30, 2010 (Unaudited) and December 31, 2009

Condensed Consolidated Statements of Operations for the nine months ended September 30, 2010 and 2009 (Unaudited)

Condensed Consolidated Statements of Operations for the three months ended September 30, 2010 and 2009 (Unaudited)

Condensed Consolidated Statement of Cash Flows for the nine months ended September 30, 2010 and 2009 (Unaudited)

Notes to the Financial Statements (Unaudited)

AMERICAN JIANYE GREENTECH HOLDINGS, LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS


	September 30,	December 31,
	2010	2009
Assets	(Unaudited)
Current Assets
Cash and cash equivalents	24,761	80,366
Accounts receivable, net	17,703,614	9,698,078
Other current assets	136,722	75,059
	17,865,097	9,853,503

Property and Equipment	2,736,343	841

Deposits	161,047	146,700

Total Assets	20,762,487	10,001,044


Liabilities and Stockholders' Equity
Current Liabilities
Accounts payable	8,059,155	6,089,600
Accounts payable- related parties	-	2,304,098
Accrued expenses	185,225	32,693
Income tax payable	2,568,165	314,511
Due to related parties	330,218	266,582
Due to shareholders	2,842,230	-
Total liabilities	13,984,993	9,007,484

Stockholders' Equity
Common stock, $0.001 par value, 394,500,000 shares
authorized, 31,100,770 shares issued and outstanding
as of September 30, 2010 and December 31, 2009	31,101	31,101
Preferred stock, $0.001 par value, 5,500,000 shares
authorized, 0 shares issued and outstanding	-	-
Additional paid-in capital	18,899	18,899
Other comprehensive income	117,876	218
Retained earnings	6,609,618	943,342
Total stockholders' equity	6,777,494	993,560

Total Liabilities and Stockholders' Equity	20,762 ,487	10,001,044

The Accompanying Notes are an integral part of the Financial Statements.


AMERICAN JIANYE GREENTECH HOLDINGS LTD.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

	For the Nine Months Ended
	September 30, 2010	September 30, 2009

Sales	$57,340,164	$ -

Cost of sales	49,556,124	-

Gross profit	7,784,040	-

Operating expenses:
Selling, general and administrative	203,083	-

Income from operations	7,580,957	-

Provision for income taxes	1,914,681	-

Net Income	5,666,276	-

Other comprehensive income
Foreign currency translation adjustment	117,658	-

Comprehensive income	$ 5,783,934	$ -

Net Income Per Share-
Basic and Diluted	$ 0.18	$ -

Weighted Average Shares Outstanding:
Basic and Diluted	31,100,770	31,100,770

The Accompanying Notes are an integral part of the Financial Statements.


AMERICAN JIANYE GREENTECH HOLDINGS LTD.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

	For the Three Months Ended
	September 30, 2010	September 30, 2009

Sales	$ 24,812,027	$ -

Cost of sales	21,488,984	-

Gross profit	3,323,043	-

Operating expenses:
Selling, general and administrative	38,765	-

Income from operations	3,284,278	$ -

Provision for income taxes	822,050	-

Net Income	2,462,228	$ -

Other comprehensive income
Foreign currency translation adjustment	82,261	-

Comprehensive income	$ 2,544,489	$ -

Net Income Per Share-
Basic and Diluted	$ 0.08	$ -

Weighted Average Shares Outstanding:
Basic and Diluted	31,100,770	31,100,770

The Accompanying Notes are an integral part of the Financial Statements.

AMERICAN JIANYE GREENTECH HOLDINGS, LTD.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)


	For the Nine Months Ended
	September 30, 2010	September 30, 2009
Cash flows from operating activities
Net income	$ 5,666,276	$ -
Adjustments to reconcile net income to net cash
used in operating activities:
Depreciation expense	9,677	-
Changes in assets and liabilities:
Increase in accounts receivable	(7,668,693)	-
Increase in other current assets	(59,061)	-
Increase in deposits	(13,695)	-
Increase in accounts payable	1,811,105	-
Increase in accrued expenses	149,217
Increase in income tax payable	2,208,123	-
Net cash provided by operating activities	2,102,949	-

Cash flows from investing activities
Purchases of property and equipment	(2,697,687)
Net cash used in investing activities	(2,697,687)	-

Cash flows from financing activities
Advances from related parties	(2,254,038)
Amount due to shareholders	2,795,494	-
Net cash used in financing activities	541,456	-

Effect of exchange rate changes on cash and cash equivalent	(2,323)	-

Net decrease in cash and cash equivalents	(53,282)	-

Cash and cash equivalents
Beginning	80,366	-
Ending	$ 24,761	$ -

Supplemental disclosure of cash flows
Cash paid during the period for:
Interest paid	$ -	$ -
Income tax	$ 1,096,983	$ -

The Accompanying Notes are an integral part of the Financial Statements.

AMERICAN JIANYE GREENTECH HOLDINGS, LTD.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2010

NOTE 1 - NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited, condensed consolidated financial statements, footnote disclosures and other information should be read in conjunction with the financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009.

Nature of operations

American Jianye Greentech Holdings, Ltd. (the ‘Company” or “American Jianye”) was originally incorporated on August 30, 2006, in the State of Nevada as Gateway Certifications, Inc.

On November 13, 2009, the Company entered into and completed the transactions contemplated under a Share Exchange Agreement (the “Exchange Agreement”) with each of the shareholders (the “Shareholders”) of Jianye Greentech Holdings, Ltd., a British Virgin Islands corporation (”Jianye”), pursuant to which the Company purchased from the Shareholders all issued and outstanding shares of Jianye’ common stock in consideration for the issuance of an aggregate of 3,548,796 shares of the Company common stock (the "Share Exchange") (the “Merger”).

The Share Exchange resulted in a change in control of the Company with the Shareholders owning 3,548,796 shares of common stock of the Company out of a total of 3,941,796 issued and outstanding shares after giving effect to the Share Exchange. As a result of the Exchange Agreement, (i) Jianye became a wholly-owned subsidiary of the Company and (ii) the Company succeeded to the business of Jianye as its sole business. Accordingly, the Company changed its name to American Jianye Greentech Holdings, Ltd. The Company also effectuated a forward-split of its common stock on a 7.89-for-1 basis. The Merger will be accounted for as a reverse merger to be reflected as a recapitalization with Jianye as the accounting acquirer.

On September 28, 2009, Jianye Hong Kong established Heilongjian New Jianye New Clean Fuel Marketing Ltd. (“Jianye China”), a wholly owned subsidiary in China, with registered capital of US$50,000. As a result, Jianye BVI owns 100% of the equity of Jianye China through Jianye Hong Kong. Jianye China’s primary business is to distribute ethanol and methanol as alternative fuel for automobile use.

On November 2009, the Company changed its name to American Jianye Greentech Holdings, Ltd. to more accurately reflect the business it intends to enter subsequent to the merger with Gateway and will focus its efforts for growth in the area of ethanol and methanol fuel.

AMERICAN JIANYE GREENTECH HOLDINGS, LTD.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2010

Basis of Consolidation

The consolidated financial statements include the accounts of American Jianye Greentech Holdings, Ltd and its wholly owned subsidiaries. All significant intercompany accounts and transactions are eliminated.

Use of Estimates

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

Cash and Cash Equivalents

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

Accounts Receivable

Accounts receivable are carried at original invoice amount less estimates made for doubtful receivables. Management determines the allowance for doubtful accounts at the end of the period based on a review of the current status of existing receivables, account aging, historical collection experience, subsequent collections, management's evaluation of the effect of existing economic conditions, and other known factors. The provision is provided for the above estimates made for all doubtful receivables. Account balances are charged off against the allowance only when the Company considers it is probable that a receivable will not be recovered. Recoveries of trade receivables previously written off are recorded when received. The allowance of doubtful accounts at September 30, 2010 and December 31, 2009 was $79,666 and $44,307, respectively.

Property and Equipment

Property and equipment are recorded at cost, less accumulated depreciation. Depreciation is computed on the straight-line method over the estimated useful lives of the related assets as follows:

Buildings

20 years

Equipment

3 to 5 years

Expenditures for major renewals and betterment that extend the useful lives of property and equipment are capitalized. Expenditures for repairs and maintenance are charged to expense as incurred. When property and equipment are retired or otherwise disposed of, the asset and accumulated depreciation are removed from the accounts and the resulting profit or loss is reflected in the statement of income for the period.

AMERICAN JIANYE GREENTECH HOLDINGS, LTD.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2010

Concentrations

Customers: The Company distributes ethanol and methanol as alternative fuel for automobile use in China. The Company performs ongoing credit evaluations of its customers’ financial condition and generally, requires no collateral. For the nine-month period ended September 30, 2010, three customers accounted for 99.76% of the Company’s total revenues. Three customers represented 98.62% of accounts receivable in aggregate at September 30, 2010:


Customer	Sales for the Nine-Month Period Ended September 30, 2010		Accounts Receivable at September 30, 2010
A	$ 39,329,171	68.59%	$ 14,318,907	80.88%
B	$ 13,309,570	23.21%	$ 2,439,994	13.78%
C	$ 3,899,952	7.96%	$ 700,491	3.96%
	$ 56,538,693	99.76%	$ 17,459,392	98.62%

Accounts Receivable


Customer	Accounts Receivable at September 30, 2010		Accounts Receivable at December 31, 2009
A	$ 14,318,907	80.88%	$ 6,647,092	58.49%
B	$ 2,439,994	13.78%	$ -	-
C	$ 700,491	3.96%	$ -	-
	$ 17,459,392	98.62%	$ -	-

Suppliers: For the nine-month period ended September 30, 2010, there were five suppliers to the Company, two suppliers accounted for more than 90.52% of the Company’s total purchases. Five vendors represented 100% of accounts payable in aggregate at September 30, 2010. Management believes other vendors could supply similar products, but their terms may not be as favorable as currently being offered by this vendor.

Accounts Payable:


Customer	Accounts Payable at September 30, 2010		Accounts Payable at December 31, 2009
A	$ 6,161,286	76.45%	$ 3,193,486	32.62%
B	$ 1,133,966	14.07%	$ -	-
C	$ 439,255	5.45%	$ -	-
D	$ 264,452	3.28%	$ -	-
E	$ 60,196	0.75%	$ -	-
	$ 8,059,155	100.00%	$ -	-

Recent accounting pronouncements

In June 2009, the Financial Accounting Standards Board issued guidance, which contains amendments to Accounting Standards Codification 810, "Consolidation," relating to how a company determines when an entity that is insufficiently capitalized or is not controlled through voting (or similar rights) should be consolidated. The determination of whether a company is required to consolidate an entity is based on, among other things, an entity's purpose and design and a company's ability to direct the activities of the entity that most significantly impact the entity's economic performance. These provisions became effective for us on January 1, 2010, but did not have a material impact on our financial position or results of operations.

AMERICAN JIANYE GREENTECH HOLDINGS, LTD.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2010

In October 2009, the FASB issued Accounting Standards Update (“ASU”) No. 2009-13, “Multiple-Deliverable Revenue Arrangements,” or ASU 2009-13, which amends existing revenue recognition accounting pronouncements that are currently within the scope of ASC 605. This guidance eliminates the requirement to establish the fair value of undelivered products and services and instead provides for separate revenue recognition based upon management’s estimate of the selling price for an undelivered item when there is no other means to determine the fair value of that undelivered item. ASU 2009-13 is effective for the Company prospectively for revenue arrangements entered into or materially modified beginning January 1, 2011. The Company is currently evaluating the impact, if any, that the adoption of this amendment will have on its consolidated financial statements.

In January 2010, the FASB issued ASU No. 2010-06, Improving Disclosures about Fair Value Measurements , which, among other things, amends Accounting Standards Topic 820 Fair Value Measurements and Disclosures (ASC 820) to require entities to separately present purchases, sales, issuances, and settlements in their reconciliation of Level 3 fair value measurements (i.e., to present such items on a gross basis rather than on a net basis), and which clarifies existing disclosure requirements provided by ASC 820 regarding the level of disaggregation and the inputs and valuation techniques used to measure fair value for measurements that fall within either Level 2 or Level 3 of the fair value hierarchy. ASU No. 2010-06 is effective for interim and annual periods beginning after December 15, 2009, except for the disclosures about purchases, sales, issuances, and settlements in the roll forward of activity in Level 3 fair value measurements which are effective for fiscal years beginning after December 15, 2010 and for interim periods within those fiscal years. The Company’s adoption of this standard had no impact on its consolidated financial position, results of operations or cash flows.

NOTE 2 - PROPERTY AND EQUIPMENT

Property and equipment consisted of following:


	September 30, 2010	December 31, 2009
	(Unaudited)
Buildings-vehicle repair plant	$ 2,614,174	$
Equipment	1,212	841
	2,615,386	841
Less: Accumulated depreciation	$ (9,677)	-
	$ 2,605,709
Constriction in progress-vehicle repair plant	130,634
	$ 2,736,343	$ 841

Depreciation expense was approximately $9,677 and $0 for the nine months ended September 30, 2010 and 2009.

NOTE 3 - RELATED PARTY TRANSACTIONS

Purchase and account payable: For the nine months ended September 30, 2010, approximately 0.7% of the Company’s inventory is purchased from a related party, a company controlled by the father of the Company’s CEO and major shareholder. Total purchase from this related party amounted to $344,529. Accounts payable due to this related party was $0 at September 30, 2010.

Advances from related party – At September 30, 2010, the Company had advances from the above related party in the amount of $330,218. The advances from related party are non-interest bearing and without fixed terms of repayment.

Advances from shareholder – At September 30, 2010, the Company had advances from the Company’s major CEO and shareholder in the amount of $2,842,230. The advances from this shareholder are non-interest bearing and without fixed terms of repayment.

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

Results of Operations

Jianye Greentech Holdings Ltd (“Jianye BVI”) was incorporated on April 17, 2008 under the laws of British Virgin Islands. Jianye BVI is a holding company that owns 100% of Hong Kong Jianye Greentech Holdings Limited (“Jianye Hong Kong”), a corporation incorporated on May 2, 2008 under the laws of Hong Kong. Jianye BVI and Jianye Hong Kong currently have no operations and operate as investment holding companies. On September 28, 2009, Jianye Hong Kong established Heilongjian New Jianye New Clean Fuel Marketing Ltd. (“Jianye China”), a wholly owned subsidiary in China, with registered capital of US$50,000. As a result, Jianye BVI owns 100% of the equity of Jianye China through Jianye Hong Kong. Jianye China’s primary business is to distribute ethanol and methanol as alternative fuel for automobile use.

Heilongjian New Jianye Clean Fuel Marketing Ltd. (“Jianye China”) commenced operation in September 2009. Jianye China’s primary business is to distribute ethanol and methanol as alternative fuel for automobile use.

For the nine months ended September 30, 2010, we generated our revenue in the amount of $57,340,164 from the sales of methanol-based and ethanol based fuels to eleven customer.

Our gross profit margin during the nine months ended September 30, 2010 was 13.58 %.

Selling, general and administrative expenses for the nine months ended September 30, 2010 were $203,083 or 0.35% of net sales. Selling, general and administrative expenses consist primarily of payroll, storage cost, consultation services fee and audit fee.

Income from operations for the nine months ended September 30, 2010 was $7,580,957, and net income after income taxes for the same period was $5,666,276. During the same period, however, our operations decreased our cash position by $53,282, due to the fact that neither of our major customers has paid any part of the purchase price for the fuels they purchased. The primary factor enabling us to reach our current condition without incurring large expenses and to carry on operations with negative cash flow was the willingness of our shareholders to serve our company for minimal compensation and made loan to the company, and the fact that our creditors are tolerating an increase in our accounts payable.

Our business operates primarily in Chinese Renminbi (“RMB”), but we report our results in our SEC filings in U.S. Dollars. The conversion of our accounts from RMB to Dollars results in translation adjustments. While our net income is added to the retained earnings on our balance sheet; the translation adjustments are added to a line item on our balance sheet labeled “accumulated other comprehensive income,” since it is more reflective of changes in the relative values of U.S. and Chinese currencies than of the success of our business. During the nine months ended September 30, 2010, the effect of converting our financial results to Dollars was to add $117,876 to our accumulated other comprehensive income.

Liquidity and Capital Resources

Our operations to date have been funded primarily by capital contributions and short-term loans from our related party and our Chairman, Haipeng Wang.

Our working capital at September 30, 2010 totaled $3,880,104. Included in our working capital, however, was $17,703,614 in accounts receivable, almost all of which are owed by the three customers who were the source of 100% of our revenue since the beginning of our operations. Based on our last 12 months of operations (since September, 2009), the average collection period of our Accounts Receivable was 30days to 60 days.

Capital Expenditure

Total capital expenditures during the nine months ended September 30, 2010 was $ 2,697,687 for the construction in process.

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 or results of operations.

Critical Accounting Policies and Estimates

This discussion and analysis of our financial condition and results of operations are based on our financial statements that have been prepared under accounting principle generally accepted in the United States of America. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

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

Accounts Receivable

Recent Accounting Pronouncements

In January 2010, the FASB issued ASU No. 2010-06, Improving Disclosures about Fair Value Measurements , which, among other things, amends Accounting Standards Topic 820 Fair Value Measurements and Disclosures (ASC 820) to require entities to separately present purchases, sales, issuances, and settlements in their reconciliation of Level 3 fair value measurements (i.e., to present such items on a gross basis rather than on a net basis), and which clarifies existing disclosure requirements provided by ASC 820 regarding the level of disaggregation and the inputs and valuation techniques used to measure fair value for measurements that fall within either Level 2 or Level 3 of the fair value hierarchy. ASU No. 2010-06 is effective for interim and annual periods beginning after December 15, 2009, except for the disclosures about purchases, sales, issuances, and settlements in the roll forward of activity in Level 3 fair value measurements which are effective for fiscal years beginning after December 15, 2010 and for interim periods within those fiscal years. The Company’s adoption of this standard had no impact on its consolidated financial position, results of operations or cash flows.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

The Company is subject to certain market risks, including changes in interest rates and currency exchange rates.

Item 4.Controls and Procedures.

Evaluation of disclosure controls and procedures .

The term “disclosure controls and procedures” (defined in SEC Rule 13a-15(e)) refers to the controls and other procedures of a company that are designed to ensure that information required to be disclosed by a company in the reports that it files under the Securities Exchange Act of 1934 (the “Exchange Act”) is recorded, processed, summarized and reported within required time periods. The Company’s management, with the participation of the Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the Company’s disclosure controls and procedures as of the end of the period covered by this quarterly report (the “Evaluation Date”). Based on that evaluation, the Company’s Chief Executive Officer and Chief Financial Officer concluded that, as of the Evaluation Date, such controls and procedures were effective.

Changes in internal controls.

The term “internal control over financial reporting” (defined in SEC Rule 13a-15(f)) refers to the process of a company that is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. The Company’s management, with the participation of the Chief Executive Officer and Chief Financial Officer, has evaluated any changes in the Company’s internal control over financial reporting that occurred during the first three quarters of the year. Covered by this quarterly report, and they have concluded that there was no change to the Company’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

Management's Report on Internal Control over Financial Reporting.

Management of the Company is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934. We have assessed the effectiveness of those internal controls as of June 30, 2010 using the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) Internal Control - Integrated Framework as a basis for our assessment.

Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies and procedures may deteriorate. All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.

Management is currently reviewing its staffing and their training in order to remedy the weaknesses identified in this assessment. To date, we are not aware of significant accounting problems resulting from these weaknesses; so we have to weigh the cost of improvement against the benefit of strengthened controls.

PART II — OTHER INFORMATION

Item 1. Legal Proceedings.

To the best knowledge of the officers and directors, the Company was not a party to any legal proceeding or litigation as of September 30, 2010.

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

None.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. (Removed and Reserved)

Item 5. Other Information.

None.

Item 6. Exhibits.


Exhibit		Description of Exhibit
31.1		Chief Executive Officer Certification of Periodic Financial Report Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2		Chief Financial Officer Certification of Periodic Financial Report Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1		Chief Executive Officer Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002

32.2		Chief Financial Officer Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002

SIGNATURES

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


AMERICAN JIANYE GREENTECH HOLDINGS, LTD.

By:	/s/ Haipeng Wang
Name: Haipeng Wang
Title: President
Date: November 12, 2010
(Principal Executive Officer)


By:	/s/ Yulin Yang
Name: Yulin Yang
Title: Chief Financial Officer
Date: November 12, 2010
(Principal Accounting Officer)