UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

______________

FORM 10-QSB

______________

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

For the quarterly period ended June 30, 2007

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

For the transition period from ______________ to ______________

Commission File No. 000-51884

______________

Chinese Manufacturers Online Corp.

(Exact name of small business issuer as specified in its charter)

______________

Delaware
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
115 Route 46 West, Suite B-12 Mountain Lakes, NJ	07046
(Address of principal executive offices)	(Zip Code)

973-299-9888

(Issuer’s 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 o

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13, or 15(d) of the Exchange Act subsequent to the distribution of securities under a plan confirmed by a court. Yes o  No x

Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.

Yes xNo o

State the number of shares outstanding of each of the issuer’s classes of common equity, as of August 20, 2007: 100,000 shares of common stock.

Transitional Small Business Disclosure Format (check one): Yes o No x

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION

Item 1.  Financial Information

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

Item 3.  Controls 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.  Submission of Matters to a Vote of Security Holders.

Item 5.  Other Information.

Item 6.  Exhibits and Reports of Form 8-K.

SIGNATURES

i

PART I - FINANCIAL INFORMATION

Item 1.Financial Information

Chinese Manufacturers Online Corp.

(a development stage company)

FINANCIAL STATEMENTS

As Of  June 30, 2007

Chinese Manufacturers Online Corp.

(a development stage company)

FINANCIAL STATEMENTS

AS OF JUNE 30, 2007

Chinese Manufacturers Online Corp.

(a development stage company)

Financial Statements Table of Contents

FINANCIAL STATEMENTS	Page #
Balance Sheet	F-1
Statement of Operations and Retained Deficit	F-2/F-3
Statement of Stockholders Equity	F-4
Cash Flow Statement	F-5
Notes to the Financial Statements	F-6

CHINESE MANUFACTURERS ONLINE CORP.
(a development stage company)
BALANCE SHEET
As of June 30, 2007 and December 31, 2006
ASSETS
CURRENT ASSETS	6/30/2007			12/31/2006
Cash	$	-		$	-
Total Current Assets		-			-
TOTAL ASSETS	$	-		$	-
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accrued Expenses	$	2,500		$	1,750
Total Current Liabilities		2,500			1,750
TOTAL LIABILITIES		2,500			1,750
STOCKHOLDERS' EQUITY
Preferred Stock - Par value $0.001;
Authorized: 10,000,000
None issues and outstanding		-			-
Common Stock - Par value $0.001;
Authorized: 100,000,000
Issued and Outstanding: 100,000		100			100
Additional Paid-In Capital		-			-
Accumulated Deficit		(2,600	)		(1,850	)
Total Stockholders' Equity		(2,500	)		(1,750	)
TOTAL LIABILITIES AND EQUITY	$	-		$	-

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

F-1

CHINESE MANUFACTURERS ONLINE CORP.
(a development stage company)
STATEMENT OF OPERATIONS
For the six months ending June 30, 2007 and 2006
from inception (December 9, 2005) through June 30, 2007
	6 MONTHS			6 MONTHS			FROM
	ENDING			ENDING			INCEPTION
	6/30/2007			6/30/2006			TO 6/30/07
REVENUE	$	-		$	-		$	-
COST OF SERVICES		-			-			-
GROSS PROFIT OR (LOSS)		-			-			-
GENERAL AND ADMINISTRATIVE EXPENSES		750			550			2,600
NET INCOME (LOSS)		(750	)		(550	)		(2,600	)
ACCUMULATED DEFICIT, BEGINNING BALANCE		(1,850	)		(400	)		-
ACCUMULATED DEFICIT, ENDING BALANCE	$	(2,600	)	$	(950	)	$	(2,600	)
Earnings (loss) per share	$	(0.01	)	$	(0.01	)
Weighted average number of common shares		100,000			100,000

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

F-2

CHINESE MANUFACTURERS ONLINE CORP.
(a development stage company)
STATEMENT OF OPERATIONS
For the three months ending June 30, 2007 and 2006
	3 MONTHS			3 MONTHS
	ENDING			ENDING
	6/30/2007			6/30/2006
REVENUE	$	-		$	-
COST OF SERVICES		-			-
GROSS PROFIT OR (LOSS)		-			-
GENERAL AND ADMINISTRATIVE EXPENSES		500			250
NET INCOME (LOSS)	$	(500	)	$	(250	)

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

F-3

CHINESE MANUFACTURERS CORP.
(a development stage company)
STATEMENT OF STOCKHOLDERS' EQUITY
From inception (December 9, 2005) through June 30, 2007
			COMMON		ACCUM.			TOTAL
	SHARES		STOCK		DEFICIT			EQUITY
Stock issued on acceptance		100,000	$	100	$	-		$	100
of incorporation expenses
December 9, 2005
Net Income (Loss)						(400	)		(400	)
Total, December 31, 2005		100,000		100		(400	)		(300	)
Net Income (Loss)						(1,450	)		(1,450	)
Total, December 31, 2006		100,000		100		(1,850	)		(1,750	)
Net Income (Loss)						(750	)		(750	)
Total, June 30, 2007		100,000	$	100	$	(2,600	)	$	(2,500	)

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

F-4

CHINESE MANUFACTURERS CORP.
(a development stage company)
STATEMENTS OF CASH FLOWS
For the six months ending June 30, 2007 and 2006
from inception (December 9, 2005) through June 30, 2007
	6 MONTHS			6 MONTHS			FROM
	ENDING			ENDING			INCEPTION
CASH FLOWS FROM OPERATING ACTIVITIES	6/30/2007			6/30/2006			TO 6/30/07
Net income (loss)	$	(750	)	$	(550	)	$	(2,600	)
Stock issued as compensation		-			-			100
Increase (Decrease) in Accrued Expenses		750			550			2,500
Total adjustments to net income		750			550			2,600
Net cash provided by (used in) operating activities		-			-			-
CASH FLOWS FROM INVESTING ACTIVITIES
None		-			-			-
Net cash flows provided by (used in) investing activities		-			-			-
CASH FLOWS FROM FINANCING ACTIVITIES
None		-			-			-
Proceeds from stock issuance		-			-			-
CASH RECONCILIATION
Net increase (decrease) in cash		-			-			-
Cash - beginning balance		-			-			-
CASH BALANCE - END OF PERIOD	$	-		$	-		$	-

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

F-5

CHINESE MANUFACTURERS CORP.

(a development stage company)

NOTES TO FINANCIAL STATEMENTS

1.   Summary of significant accounting policies:

Industry:

4308, Inc. (the Company), a Company incorporated in the state of Delaware as of December 9, 2005 has located and negotiated with a business entity for the combination of that target company with The Company. The combination will normally take the form of a merger, stock-for-stock exchange or stock-for-assets exchange. In most instances the target company will wish to structure the business combination to be within the definition of a tax-free reorganization under Section 351 or Section 368 of the Internal Revenue Code of 1986, as amended.

The Company has been formed to provide a method for a foreign or domestic private company to become a reporting ("public") company whose securities are qualified for trading in the United States secondary market.

The Company has adopted its fiscal year end to be December 31.

Results of Operations and Ongoing Entity:

The Company is considered to be an ongoing entity for accounting purposes; however, there is substantial doubt as to the Company's ability to continue as a going concern. The Company's shareholders fund any shortfalls in The Company's cash flow on a day to day basis during the time period that The Company is in the development stage.

Liquidity and Capital Resources:

In addition to the stockholder funding capital shortfalls; The Company anticipates interested investors that intend to fund the Company's growth once a business is located.

Cash and Cash Equivalents:

The Company considers cash on hand and amounts on deposit with financial institutions which have original maturities of three months or less to be cash and cash equivalents.

Basis of Accounting:

The Company's financial statements are prepared in accordance with U.S. generally accepted accounting principles.

Income Taxes:

The Company utilizes the asset and liability method to measure and record deferred income tax assets and liabilities. Deferred tax assets and liabilities reflect the future income tax effects of temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and are measured using enacted tax rates that apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

F-7

CHINESE MANUFACTURERS CORP.

(a development stage company)

NOTES TO FINANCIAL STATEMENTS

Deferred tax assets are reduced by a valuation allowance when in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. At this time, The Company has set up an allowance for deferred taxes as there is no company history to indicate the usage of deferred tax assets and liabilities.

Fair Value of Financial Instruments:

The Company's financial instruments may include cash and cash equivalents, short-term investments, accounts receivable, accounts payable and liabilities to banks and shareholders. The carrying amount of long-term debt to banks approximates fair value based on interest rates that are currently available to The Company for issuance of debt with similar terms and remaining maturities. The carrying amounts of other financial instruments approximate their fair value because of short-term maturities.

Concentrations of Credit Risk:

Financial instruments which potentially expose The Company to concentrations of credit risk consist principally of operating demand deposit accounts. The Company's policy is to place its operating demand deposit accounts with high credit quality financial institutions. At this time The Company has no deposits that are at risk.

2.   Related Party Transactions and Going Concern:

The Company's financial statements have been presented on the basis that it is a going concern in the development stage, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. At this time The Company has not identified the business that it wishes to engage in.

The Company's shareholder funds The Company's activities while The Company takes steps to locate and negotiate with a business entity for combination; however, there can be no assurance these activities will be successful.

3.   Accounts Receivable and Customer Deposits:

Accounts receivable and Customer deposits do not exist at this time and therefore have no allowances accounted for or disclosures made.

4.   Use of Estimates:

Management uses estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenue and expenses. Management has no reason to make estimates at this time.

5.   Revenue and Cost Recognition:

The Company uses the accrual basis of accounting in accordance with generally accepted accounting principles for financial statement reporting.

6.   Accrued Expenses:

Accrued expenses consist of accrued legal, accounting and office costs during this stage of the business.

F-8

CHINESE MANUFACTURERS CORP.

(a development stage company)

NOTES TO FINANCIAL STATEMENTS

7.   Operating Lease Agreements:

The Company has no agreements at this time.

8.   Stockholder's Equity:

Preferred stock includes 10,000,000 shares authorized at a par value of $0.001, of which none are issued or outstanding.

Common Stock includes 100,000,000 shares authorized at a par value of $0.001, of which 100,000 have been issued for the amount of $100 on December 31, 2005 in acceptance of the incorporation expenses for the Company.

9.   Required Cash Flow Disclosure for Interest and Taxes Paid:

The company has paid no amounts for federal income taxes and interest. The Company issued 100,000 common shares of stock to its sole shareholder in acceptance of the incorporation expenses for the Company.

10.  Earnings Per Share:

Basic earnings per share ("EPS") is computed by dividing earnings available to common shareholders by the weighted-average number of common shares outstanding for the period as required by the Financial Accounting Standards Board (FASB) under Statement of Financial Accounting Standards (SFAS) No. 128, "Earnings per Shares". Diluted EPS reflects the potential dilution of securities that could share in the earnings.

11.  Income Taxes:

The Company has available net operating loss carryforwards for financial statement and federal income tax purposes. These loss carryforwards expire if not used within 20 years from the year generated. The Company's management has decided a valuation allowance is necessary to reduce any tax benefits because the available benefits are more likely than not to expire before they can be used.  These net operating losses expire as the following, $400 at 2025, and $1,450 at 2026, $500 at 2027.

12.  Subsequent Events:

The Registrant has located a merger Candidate for the purpose of a merger. The Stock Purchase Agreement between Michael Raleigh and Guoyou Lin was filed pursuant to a Current Report on Form 8-K filed with the SEC on July 6, 2007.

F-9

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

Plan of Operation

During the next twelve months, we expect to take the following steps in connection with the further development of our business and the implementation of our plan of operations:

· In September 2007, we are going to open our website for operation. Major services included in our first release of the online services include CMO validated manufacturers and products listings, on-demand authentication services for members, chat room, video show for products, and proprietary search engine. Around the same time, we are going to establish our first subsidiary company, Chinese Manufacturers Group Corp., to handle all import / export business. Strategically, we will work closely with ChangShang.com in Shenzhen, China, to build a robust business relationship and provide dedicated professional and reliable service to our clients’ need.  

· By the end of 2007, we will finish new functions and features on our website to include services like dynamic video show of products and multi media enabled chat room. Our target of operation will be having up to 400 active (paid) buying members. We will continue our close relationship with ChangShang.com so that we can provide dedicated and reliable authenticated service for our international buyers. The estimated operational revenue should reach $783,000 with net income of $136,000. During this period, we are positioning ourselves to fulfill SEC requirements for going public.  

· In the first quarter of 2008, we are planning to release a major break-through service on our site: virtual trade show. This setup will enable us to introduce our parallel service of physical trade show. Active paid members on our site by the end of first quarter will be in the 1,200 level. Major income by this time should be balanced between online membership charges and customized import / export services.    

· In the second quarter of 2008, we are planning to improve our flag-ship services of virtual trade show and physical trade show to bundle with customized trade consulting services. Even though traditional online surfing is still a good entry point to our business, we will direct most of our existing clients to use our proprietary turn-key international trading services. Revenue from this quarter and on will be switch to 60% coming from customized services and 40% coming from traditional online services. However, strengthen the website services and presentation is still one of our main goals. Active paid members will be maintained at around 2,000 by the end of second quarter.  

· In the third quarter of 2008, based on the success of our trade show services, we will introduce our new online service to our members: B-to-B auction. Combined with our existing trade related services, we will make this feature a very unique feature among all similar websites. Revenue split will be maintained at 60% offline and 40% online. Active paid members will be maintained at around 2,500.  

Results of Operation

The Company did not have any operating income from inception through June 30, 2007. For the quarter ended June 30, 2007, the registrant recognized a net loss of $500 and for the period from inception through June 30, 2007, the registrant recognized net less of $2600. Some general and administrative expenses during the quarter were accrued. Expenses for the quarter were comprised of costs mainly associated with legal, accounting and office.

Liquidity and Capital Resources

At June 30, 2007 the Company had no capital resources and will rely upon the issuance of common stock and additional capital contributions from shareholders to fund administrative expenses pending acquisition of an operating company.

Critical Accounting Policies

Our financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (“GAAP”). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenue and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use if estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements.

Item 3.Controls and Procedures

Evaluation of disclosure controls and procedures

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act), as of June 30, 2007. Based on this evaluation, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms and that our disclosure and controls are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure

Changes in internal controls

There were no changes (including corrective actions with regard to significant deficiencies or material weaknesses) in our internal controls over financial reporting that occurred during the quarter ended June 30, 2007 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.

We are currently not a party to any pending legal proceedings and no such actions by, or to the best of our knowledge, against us have been threatened.

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 matter was submitted during the quarter ending June 30, 2007, covered by this report to a vote of our shareholders, through the solicitation of proxies or otherwise.

Item 5.Other Information.

None

Item 6.Exhibits and Reports of Form 8-K.

(a)	Reports on Form 8-K and Form 8K-A
(b)	Exhibits
	Exhibit Number	Exhibit Title
	3.1	Certificate of Incorporation*
	3.3	By-Laws *
	31.1	Certification of Guoyou Linpursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
	32.1	Certification of Guoyou Lin pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
		*Incorporated by reference to Exhibit 3.2 to our registration statement on Form 10-SB filed on April 3, 2006 (File no: 000-51884)

SIGNATURES

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

Chinese Manufacturers Online Corp.
By:	/s/ Guoyou Lin
	Guoyou Lin Chief Executive Officer Chief Financial Officer
Dated:	August 20, 2007