-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 DPOTMexAFjIkATPhrPSxx6o5PGNU0Nvx8ZkCzHCRxWUsFOzbAJlFGQaJl3EwHfAt
 +Mcq23L/z6St+7/J69xZfQ==

<SEC-DOCUMENT>0000890163-08-000489.txt : 20080630
<SEC-HEADER>0000890163-08-000489.hdr.sgml : 20080630
<ACCEPTANCE-DATETIME>20080630152633
ACCESSION NUMBER:		0000890163-08-000489
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080507
FILED AS OF DATE:		20080630
DATE AS OF CHANGE:		20080630

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SMARTHEAT INC.
		CENTRAL INDEX KEY:			0001384135
		STANDARD INDUSTRIAL CLASSIFICATION:	HEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES [3433]
		IRS NUMBER:				980514768
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		A-1, 10 STREET 7
		STREET 2:		SHENYANG ECONOMIC & TECH DEV ZONE
		CITY:			SHENYANG
		STATE:			F4
		ZIP:			110027
		BUSINESS PHONE:		86-24-2519-7699

	MAIL ADDRESS:	
		STREET 1:		A-1, 10 STREET 7
		STREET 2:		SHENYANG ECONOMIC & TECH DEV ZONE
		CITY:			SHENYANG
		STATE:			F4
		ZIP:			110027

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Pacific Goldrim Resources, Inc.
		DATE OF NAME CHANGE:	20061219

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Wang Jun
		CENTRAL INDEX KEY:			0001432258

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-53052
		FILM NUMBER:		08925626

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		024-25363366

	MAIL ADDRESS:	
		STREET 1:		A-1, 10, STREET 7
		STREET 2:		SHENYANG ECONOMIC AND TECH. DEV. ZONE
		CITY:			SHENYANG
		STATE:			F4
		ZIP:			110027
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>s11-8592_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-05-07</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001384135</issuerCik>
        <issuerName>SMARTHEAT INC.</issuerName>
        <issuerTradingSymbol>SMHT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001432258</rptOwnerCik>
            <rptOwnerName>Wang Jun</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>A-1, 10, STREET 7</rptOwnerStreet1>
            <rptOwnerStreet2>SHENYANG ECONOMIC AND TECH. DEV. ZONE</rptOwnerStreet2>
            <rptOwnerCity>SHENYANG</rptOwnerCity>
            <rptOwnerState>F4</rptOwnerState>
            <rptOwnerZipCode>110027</rptOwnerZipCode>
            <rptOwnerStateDescription>CHINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President and CEO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, $.001 par value</value>
            </securityTitle>
            <transactionDate>
                <value>2008-05-07</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3404000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3404000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Beijing YSKN Machinery &amp; Electronic Equipment Co., Ltd.</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The reporting person was, prior to April 14, 2008, the owner of 50% of the equity in Beijing YSKN Machinery &amp; Electronic
 Equipment Co., Ltd. (&quot;YSKN&quot;). The reporting person transferred his 50% interest to Mr. Liu TongYue, a friend, and, by means
 of his personal relationship with him, believed that he had the ability to obtain the return of that 50% interest upon
 request.  This transaction was not documented.  On April 14, 2008, YSKN acquired 6,808,000 shares of the Issuer's common
 stock.  On May 7, 2008, upon request of the reporting person, Mr. Liu TongYue transferred this 50% interest in YSKN back to
 the reporting person. This transaction was also not documented.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>William Uchimoto, Attorney in fact for Jun Wang, under Power of Attorney previously filed</signatureName>
        <signatureDate>2008-06-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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