10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q/A

xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the quarterly period ended August 31, 2011

or

¨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: 333-146758

China Infrastructure Construction Corporation

 (Exact name of registrant as specified in its charter)

Colorado	16-1718190
(State or other jurisdiction of incorporation)	(IRS Employer Identification Number)

Shidai Caifu Tiandi Suite 1906-1909

1 Hangfeng Road Fengtai District

Beijing, China 100070

(Address of principal executive offices)

86-10-5809-0217

(Registrant’s telephone number, including area code)

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 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.  x Yes   ¨ 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).

x Yes  ¨ No

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

Large accelerated filer ¨	Accelerated filer ¨
Non-accelerated filer   ¨  (Do not check if a smaller reporting company)	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   x No

As of October 24, 2011, there were outstanding 13,180,620 shares of the registrant’s common stock, no par value.

EXPLANATORY NOTE

The purpose of this Amendment No. 1 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended August 31, 2011, filed with the Securities and Exchange Commission on October 24, 2011 (the "Form 10-Q"), is solely to furnish Exhibit 101 to the Form 10-Q. Exhibit 101 provides the financial statements and related notes from the Form 10-Q formatted in XBRL (Extensible Business Reporting Language).

No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q continues to speak as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q.

Pursuant to rule 406T of Regulation S-T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Act of 1934, as amended, and otherwise are not subject to liability under those sections.

ITEM 6.   EXHIBITS.

(a) The following exhibits are filed herewith:

31.1* Certifications by the Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2* Certifications by the Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1*	Certifications by the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101**	Interactive data files pursuant to Rule 405 of Regulation S-T.

_____________

* Filed previously

** Filed herewith 

SIGNATURES

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

CHINA INFRASTRUCTURE CONSTRUCTION CORPORATION

By:	/s/ Rong Yang
	Rong Yang
	Chief Executive Officer, Director
	(principal executive officer)

By:	/s/ John Bai
	John Bai
	Chief Financial Officer
	(principal financial and accounting officer)

Date:  November 7, 2011

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CONSOLIDATED BALANCE SHEETS [Parenthetical]	Aug. 31, 2011	May 31, 2011
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	13,180,120	12,930,620
Common stock, shares outstanding	13,180,120	12,930,620

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended
	Aug. 31, 2011	Aug. 31, 2010
Sales revenue, net
Concrete Sales	$ 15,828,253	$ 18,220,167
Manufacturing Service	1,465,588	2,967,363
Total revenue	17,293,841	21,187,530
Cost of revenues
Concrete Sales	10,639,876	14,031,224
Manufacturing Service	451,966	1,022,793
Total cost of revenues	11,091,842	15,054,017
Gross profit	6,201,999	6,133,513
Operating expenses:
General and administrative expenses	1,541,193	1,442,310
Operating income (loss)	4,660,806	4,691,203
Other income (expense):
Interest income	511	544
Interest expense	(1,082)	(51,633)
Other income	29,479	10,184
Total other income (expense)	28,908	(40,905)
Earnings (loss) before tax	4,689,714	4,650,298
Income tax	1,331,157	406,755
Net income (loss)	3,358,557	4,243,543
Net income (loss) attributable to - Common stockholders	3,100,787	3,976,449
Net income (loss) attributable to - Non-controlling interest	257,770	267,094
Net income (loss)	3,358,557	4,243,543
Earnings (loss) per share - Basic and Dilutive (in dollars per share)	$ 0.24	$ 0.31
Weighted average shares outstanding - Basic and Dilutive (in shares)	13,020,294	12,929,370
Comprehensive Income
Net income (loss)	3,358,557	4,243,543
Foreign currency translation adjustment	1,288,641	236,203
Comprehensive Income (loss)	4,647,198	4,479,746
Comprehensive income attributable to non-controlling interests	311,352	277,368
Comprehensive income (loss) attributable to China Infrastructure Construction Corporation	$ 4,335,846	$ 4,202,378

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Other Income (Expenses)

3 Months Ended

Aug. 31, 2011

Other Income and Expenses [Abstract]

Other Income and Other Expense Disclosure [Text Block]

18. Other Income (Expenses)

Other income was $29,479 for the three months ended August 31, 2011. It consists of income from selling recycled paper, and vehicle accident compensation. Other expenses were $0 for the three months ended August 31, 2011.

Other income was $10,184 for the three months ended August 31, 2010. It consists of income from selling recycled paper and vehicle accident compensation.  Other expenses were $0 for the three months ended August 31, 2010.

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DOCUMENT AND ENTITY INFORMATION	3 Months Ended
	Aug. 31, 2011	Oct. 24, 2011
Entity Registrant Name	CHINA INFRASTRUCTURE CONSTRUCTION Corp
Entity Central Index Key	0001411057
Current Fiscal Year End Date	--05-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	chnc
Entity Common Stock, Shares Outstanding		13,180,620
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 31, 2011
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2012

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Contingencies

3 Months Ended

Aug. 31, 2011

Commitments and Contingencies Disclosure [Abstract]

Contingencies Disclosure [Text Block]

21. Contingencies

The Company has not, historically, carried any property or casualty insurance. No amounts have been accrued for any liability that could arise from the lack of insurance. Management feels the chances of such an obligation arising are remote.

Deposits in banks in the PRC are not insured by any government entity or agency, and are consequently exposed to risk of loss. Management believes the probability of a bank failure, causing loss to the Company, is remote.

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Inventories

3 Months Ended

Aug. 31, 2011

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

7. Inventories

Inventories consist of the following:

	August 31, 2011		May 31, 2011
Raw materials	$	898,189	$	348,102
	$	898,189	$	348,102

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Operating Lease Commitment

3 Months Ended

Aug. 31, 2011

Leases, Operating [Abstract]

Operating Leases of Lessor Disclosure [Text Block]

22. Operating Lease Commitment

As of August 31, 2011, the Company was committed to minimum rentals for the leased land under long-term non-cancellable operating leases as follows:

Twelve Months Ended August 31,
2012	$	1,018,969
2013		62,016
2014		62,016
2015		64,342
2016		65,117
Thereafter		488,375
Total:	$	1,760,835

We currently have a ten-year lease with an annual payment of approximately $48,000, from March 1, 2008 to February 28, 2018, for our Beijing production base. We have built our offices and manufacturing facilities on this site. On April 30, 2011, this lease was ended due to demolition and we moved to a new location and entered into a new lease, which is from April 2011 to January 23, 2034 with a total payment of RMB 16,400,000. This lease requires us to make the total payment in full by October 2011. We also lease land for our Xi’an production facility. The annual payment is approximately $59,000. We also leased two offices in Beijing as our headquarter office. One office lease is from December 15, 2009 to December 14, 2011, with an annual payment of approximately $106,000. The other one is from July 11, 2010 to July 10, 2012, with an annual payment of approximately $48,000. However, this lease was ended on January 10, 2011 as we decided one office is enough.

Operating lease expenses amounted to $96,146 and $62,701 for the three months ended August 31, 2011 and 2010, respectively.

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Concentration of Credit Risks and Uncertainties

3 Months Ended

Aug. 31, 2011

Risks and Uncertainties [Abstract]

Concentration Risk Disclosure [Text Block]

20. Concentration of Credit Risks and Uncertainties

Concentration of credit risk exists when changes in economic, industry or geographic factors similarly affect groups of counter parties whose aggregate credit exposure is material in relation to the Company’s total credit exposure.

Two customers, China Railway Construction Group and China State Construction No. 4 Engineering Corporation accounted for 13% and 12% of the Company’s total sales for the three months ended August 31, 2011, respectively.  Three major customers, China Railway Construction Group, China Construction Group, and Guangzhou Tianli Construction Group accounted for 20%, 12% and 10% of the Company’s total sales for the three months ended August 31, 2010, respectively.

No customer accounted for more than 10% of the Company’s accounts receivable balance at August 31, 2011.  Three customers, China Railway Construction Group, Guangzhou Tianli Construction Group, and China Construction Group accounted for 26%, 12%, and 10% of the Company’s accounts receivable balance at May 31, 2011.

One major vendor, Ren Pei Xiong Stone and Sand Factory, accounted for 15% of the Company’s total inventory purchases for the three months ended August 31, 2011.  Three major vendors, Beijing Liulihe Cement Company, Haidebao Cement Company, and Hekai Stone and Sand Company, accounted for 15%, 14%, and 10% of the Company’s total inventory purchases for the three months ended August 31, 2010.

No vendor accounted for more than 10% of the Company’s accounts payable at August 31, 2011.  One major vendor, Beijing Liulihe Cement Company, accounted for 17% of the Company’s accounts payable at May 31, 2011.

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Accrued Expenses

3 Months Ended

Aug. 31, 2011

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

12. Accrued Expenses

Accrued expenses amounted to $977,780 and $980,075 as of August 31, 2011 and May 31, 2011. The accrued expenses mainly include accrued land lease expenses, accrued electricity and utility expenses, professional fee, and accrued interest.

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Summary of Significant Accounting Policies

3 Months Ended

Aug. 31, 2011

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

3. Summary of Significant Accounting Policies

a. Economic and Political Risks

The Company faces a number of risks and challenges as a result of having primary operations and marketing in the PRC. Changing political climates in the PRC could have a significant effect on the Company’s business.

b. Control by Principal Stockholders

The directors, executive officers and their affiliates or related parties own, beneficially and in the aggregate, the majority of the voting power of the registered capital of the Company. Accordingly, the directors, executive officers and their affiliates, if they voted their shares uniformly, would have the ability to control the approval of most corporate actions, including increasing the authorized capital stock of the Company and the dissolution, merger or sale of the Company’s assets.

c. Principles of Consolidation

The consolidated financial statements include the financial statements of China Infrastructure, and its wholly-owned and majority-owned subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation. The Company’s foreign subsidiaries have fiscal year ends of May 31 and the results are consolidated up to that date. Non-controlling interests consist of other stockholders’ ownership interests in majority-owned subsidiaries of the Company.

d. Estimates

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

e. Cash and Cash Equivalents

For purposes of the statements of cash flows, cash and cash equivalents includes cash on hand and demand deposits held by banks. Deposits held in financial institutions in the PRC are not insured by any government entity or agency.

f. Restricted Cash

Restricted cash represents deposits held in the escrow account and are not insured by any government entity or agency.

g. Trade Accounts Receivable

The Company extends unsecured credit to its customers in the ordinary course of business but mitigates the associated risks by performing credit checks and actively pursuing past due accounts. Trade accounts receivable are recognized and carried at original invoice amount less an allowance for any uncollectible amounts. An allowance for doubtful accounts is established and determined based on management’s regular assessment of known requirements, aging of receivables, payment history, the customer’s current credit worthiness and the economic environment. These factors continuously change, and can have an impact on collections and the Company’s estimation process. These impacts may be material. Management reviews and maintains an allowance for doubtful accounts that reflects the management’s best estimate of potentially uncollectible trade receivables. Certain accounts receivable amounts are charged off against allowances after a designated period of collection efforts. Subsequent cash recoveries are recognized as income in the period when they occur. The ultimate collection of the Company’s accounts receivable may take more than one year, and any portion of accounts receivable expected to be collected in more than one year is reflected as noncurrent, net of allowance for doubtful accounts relating to that portion of the receivables.  The bifurcation between current and noncurrent portions of accounts receivable is based on management’s estimate and historical collection experience.

h. Inventories

Inventories are stated at the lower of cost, determined on a weighted average basis, and net realizable value. Net realizable value is the estimated selling price, in the ordinary course of business, less estimated costs to complete and dispose.

i. Property and Equipment

Property, plant and equipment are carried at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the useful lives of the assets. Major renewals are capitalized and depreciated; maintenance and repairs that do not extend the life of the respective assets are charged to expense as incurred. Upon disposal of assets, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is included in income. Depreciation related to property and equipment is reported in cost of revenues. Property, plant and equipment are depreciated over their estimated useful lives as follows:

Office trailers	10 years
Machinery and equipment	3-8 years
Furniture and office equipment	5-8 years
Motor vehicles	3-5 years

j. Impairment of Long-Lived and Intangible Assets

Long-lived assets of the Company are reviewed annually to assess whether the carrying value has become impaired according to the guidelines established in FASB Codification (ASC) 360.   The Company considers assets to be impaired if the carrying value exceeds the future projected cash flows from related operations. The Company also re-evaluates the periods of depreciation to determine whether subsequent events and circumstances warrant revised estimates of useful lives. As of August 31, 2011, the Company expects these assets to be fully recoverable. No impairment of assets was recorded in the periods reported.

k. Accumulated Other Comprehensive Income

Accumulated other comprehensive income represents foreign currency translation adjustments.

l. Revenue Recognition

The Company receives revenue from sales of concrete products and from provision of manufacturing service. The Company's revenue recognition policies are in compliance with ASC 605 (previously Staff Accounting Bulletin 104). Revenue is recognized at the date of shipment to customers or manufacturing services have been rendered when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist and collectability is reasonably assured. Both of our product sales and manufacturing service are non-returnable. Therefore, we do not estimate deductions or allowance for returns. Revenues are presented net of any discounts, reward, or incentive given to customers.  Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue.

Our products delivered to customers are checked on site by customers and, once the products are accepted by customers, they will sign the acceptance notice. There is no warranty issue after the delivery.

Similar to sales of concrete products, we delivered products on which we provided manufacturing service to customers or provided manufacturing service on site.  Customers check products upon receipt and will sign the acceptance notice once the products are accepted.  There is no warranty issue after the acceptance.

Reward or incentive given to our customers is an adjustment of the selling prices of our products; therefore, the consideration is characterized as a reduction of revenue when recognized in our income statement.

The Company recognizes its revenues net of value-added taxes (“VAT”).  The Company enjoys a free VAT policy according to the national policy, which encourages the development of the cement industry if the manufacturer satisfies the environmental protection requirements. The Company has enjoyed the free VAT policy from January 1, 2006 to December 31, 2010. Starting from January 1, 2011, the Company is subject to VAT which is levied at the rate of 6% on the invoiced value of sales.

m. Cost of Goods Sold

Cost of goods sold consists primarily of the costs of the raw materials, freight charges, direct labor, depreciation of plant and machinery, warehousing cost and overhead associated with the manufacturing process and commission expenses.

n. Shipping Income and Expense

ASC 605-45-20 “Shipping and Handling Costs” establishes standards for the classification of shipping and handling costs. All amounts billed to a customer related to shipping and handling are classified as revenue.

o. Advertising Costs

The Company expenses advertising costs as incurred. Advertising costs, if any, are included in selling, general and administrative expense on the income statement.

p. Foreign Currency and Comprehensive Income

The accompanying financial statements are presented in US dollars. The functional currency of the Company is U.S. Dollars and that of Beijing Concrete is the Renminbi (“RMB”) of the PRC. The financial statements are translated into US dollars from RMB at period-end exchange rates for assets and liabilities, and weighted average exchange rates for revenues and expenses. Capital accounts are translated at their historical exchange rates when the capital transactions occurred.

On July 21, 2005, the PRC changed its foreign currency exchange policy from a fixed RMB/USD exchange rate into a flexible rate under the control of the PRC’s government. We use the Closing Rate Method in currency translation of the financial statements of the Company.

RMB is not freely convertible into the currency of other nations. All such exchange transactions must take place through authorized institutions. There is no guarantee the RMB amounts could have been, or could be, converted into US dollars at rates used in translation.

q. Income Taxes

The Company accounts for income taxes in accordance with ASC 740 (formerly SFAS 109, “Accounting for Income Taxes.”) Under the asset and liability method as required by ASC 740 (formerly SFAS 109), deferred income taxes are recognized for the tax consequences of temporary differences by applying enacted statutory tax rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. Under ASC 740, the effect on deferred income taxes of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all of, a deferred tax asset will not be realized. 

ASC 740 (formerly FIN 48) clarifies the accounting and disclosure for uncertain tax positions and prescribes a recognition threshold and measurement attribute for recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.

Under ASC 740, evaluation of a tax position is a two-step process. The first step is to determine whether it is more-likely-than-not that a tax position will be sustained upon examination, including the resolution of any related appeals or litigation based on the technical merits of that position. The second step is to measure a tax position that meets the more-likely-than-not threshold to determine the amount of benefit to be recognized in the financial statements. A tax position is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent period in which the threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not criteria should be de-recognized in the first subsequent financial reporting period in which the threshold is no longer met.

The Company’s operations are subject to income and transaction taxes in the United States, Hong Kong, and the PRC jurisdictions. Significant estimates and judgments are required in determining the Company’s worldwide provision for income taxes. Some of these estimates are based on interpretations of existing tax laws or regulations, and as a result the ultimate amount of tax liability may be uncertain. However, the Company does not anticipate any events that would lead to changes to these uncertainties.

The Company and its subsidiaries are subject to income taxes on an entity basis on income arising in, or derived from, the tax jurisdiction in which they operate. Effective January 1, 2009, the PRC government implemented a new 25% tax rate across the board for all enterprises regardless of whether domestic or foreign enterprise without any tax holiday which is defined as "two-year exemption followed by three-year half exemption" hitherto enjoyed by tax payers. As a result of the new tax law of a standard 25% tax rate, tax holidays terminated as of December 31, 2008. However, the PRC government has established a set of transition rules to allow enterprises who had already started tax holidays, before January 1, 2009, to continue enjoying the tax holidays until being fully utilized.  The exemption of income tax to the Company lasted until December 31, 2010 and from year 2011, the Company is subject to an income tax at an effective rate of 25%. The Company is charged at 25% from January 1, 2011 to August 31, 2011 and 0% income tax expense for calendar year 2010.

r. Restrictions on Transfer of Assets Out of the PRC

Dividend payments by the Company are limited by certain statutory regulations in the PRC. No dividends may be paid by the Company without first receiving prior approval from the Foreign Currency Exchange Management Bureau. However, no such restrictions exist with respect to loans and advances.

s. Financial Instruments

ASC 825 (formerly SFAS 107, “Disclosures about Fair Value of Financial Instruments”) defines financial instruments and requires disclosure of the fair value of those instruments. ASC 820 (formerly SFAS 157, “Fair Value Measurements”), adopted July 1, 2008, defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows:

Level 1: inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2: inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.

Level 3: inputs to the valuation methodology are unobservable and significant to the fair value.

The carrying amounts reported in the balance sheets for current receivables and payables, including short-term loans, qualify as financial instruments and are a reasonable estimate of fair value because of the short period of time between the origination of such instruments, their expected realization and, if applicable, the stated rate of interest is equivalent to rates currently available.

t. Stock-Based Compensation

The Company records stock-based compensation expense pursuant to ASC 718 (formerly SFAS 123R, “Share Based Payment.”) The Company uses the Black-Scholes option pricing model which requires the input of highly complex and subjective variables including the expected life of options granted and the Company’s expected stock price volatility over a period equal to or greater than the expected life of the options. Because changes in the subjective assumptions can materially affect the estimated value of the Company’s employee stock options, it is management’s opinion that the Black-Scholes option pricing model may not provide an accurate measure of the fair value of the Company’s employee stock options. Although the fair value of employee stock options is determined in accordance with ASC 718 using an option pricing model, that value may not be indicative of the fair value observed in a willing buyer/willing seller market transaction.

Stock-based compensation expense is recognized based on awards expected to vest, and there were no estimated forfeitures as the Company has a short history of issuing options. ASC 718 (formerly SFAS 123R) requires forfeitures to be estimated at the time of grant and revised in subsequent periods, if necessary, if actual forfeitures differ from those estimates.

u. Basic and Diluted Earnings Per Share

The Company reports earnings per share in accordance with the provisions of ASC 260 (formerly SFAS No. 128, "Earnings Per Share.") ASC 260 requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings per share excludes dilution and is computed by dividing income available to common stockholders by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. 

v. Statement of Cash Flows

In accordance with FASB ASC 230, cash flows from the Company's operations is calculated based upon the local currencies. As a result, amounts related to assets and liabilities reported on the statement of cash flows may not necessarily agree with changes in the corresponding balances on the balance sheet.

w. Segment Reporting

ASC 280 “Segment reporting” (formerly SFAS 131) requires use of the management approach model for segment reporting. The management approach model is based on the way a company's management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company. Since management does not disaggregate Company data, the Company has determined that only one segment exists.

x. Recent Accounting Pronouncements

In December 2010, the FASB issued amended guidance related to Business Combinations. The amendments affect any public entity that enters into business combinations that are material on an individual or aggregate basis. The amendments specify that if a public entity presents comparative financial statements, the entity should disclose revenue and earnings of the combined entity as though the business combination(s) that occurred during the current year had occurred as of the beginning of the comparable prior annual reporting period only. The amendments also expand the supplemental pro forma disclosures to include a description of the nature and amount of material, nonrecurring pro forma adjustments directly attributable to the business combination included in the reported pro forma revenue and earnings. The amendments are effective prospectively for business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2010. Early adoption is permitted. The Company will assess the impact of these amendments on its consolidated financial statements if and when an acquisition occurs.

In December 2010, the FASB issued amended guidance related to intangibles—goodwill and other. The amendments modify Step 1 of the goodwill impairment test for reporting units with zero or negative carrying amounts. For those reporting units, an entity is required to perform Step 2 of the goodwill impairment test if it is more likely than not that a goodwill impairment exists. In determining whether it is more likely than not that goodwill impairment exists, an entity should consider whether there are any adverse qualitative factors indicating that impairment may exist. The qualitative factors are consistent with the existing guidance and examples, which require that goodwill of a reporting unit be tested for impairment between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. For public entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2010. Early adoption is not permitted. The Company does not believe that this guidance will have a material impact on its consolidated financial statements.

In January 2011, the FASB issued an Accounting Standard Update (“ASU”) No, 2011-01, “Receivables Topic 310): Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses, to be concurrent with the effective date of the guidance for determining what constitutes a troubled debt restructuring, as presented in proposed Accounting Standards Update, Receivables (Topic 310): Clarifications to Accounting for Troubled Debt Restructurings by Creditors. The amendments in this Update apply to all public-entity creditors that modify financing receivables within the scope of the disclosure requirements about troubled debt restructurings in Update 2010-20.  Under the existing effective date in Update 2010-20, public-entity creditors would have provided disclosures about troubled debt restructurings for periods beginning on or after December 15, 2010. The amendments in this Update temporarily defer that effective date, enabling public-entity creditors to provide those disclosures after the Board clarifies the guidance for determining what constitutes a troubled debt restructuring. The deferral in this Update will result in more consistent disclosures about troubled debt restructurings. This amendment does not defer the effective date of the other disclosure requirements in Update 2010-20.  In the proposed Update for determining what constitutes a troubled debt restructuring, the Board proposed that the clarifications would be effective for interim and annual periods ending after June 15, 2011. For the new disclosures about troubled debt restructurings in Update 2010-20, those clarifications would be applied retrospectively to the beginning of the fiscal year in which the proposal is adopted. The Company does not expect the adoption of ASU 2011-01 to have a significant impact on its consolidated financial statements.

The Company has reviewed the Accounting Standards Updates up through 2011-09.

y. Reclassifications

Certain prior period amounts have been reclassified to conform to the current period presentation.

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Prepayments

3 Months Ended

Aug. 31, 2011

Prepayments [Abstract]

Prepayments [Text Block]

9. Prepayments

Prepayments consist of the long term refundable performance bond, prepaid expenses, mainly prepaid rent expense, and the monies deposited with the suppliers for raw materials and capital lease lessor for lease payment. The total outstanding amount was $15,069,391 and $15,240,990 as of August 31, 2011 and May 31, 2011, respectively. There is no provision made for the prepayment at August 31, 2011 and May 31, 2011.

	August 31, 2011		May 31, 2011
Advance to suppliers	$	8,280,395	$	8,561,700
Prepaid expenses		3,591,500		2,769,473
Performance bond		3,197,496		3,909,817
	$	15,069,391	$	15,240,990

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Noncontrolling Interest

3 Months Ended

Aug. 31, 2011

Noncontrolling Interest [Abstract]

Noncontrolling Interest Disclosure [Text Block]

14. Non-controlling Interest

Non-controlling interest consists of other stockholders’ ownership interest in majority-owned subsidiaries of the Company, which is about 5.48% of the total ownership before the change of the non-controlling interest and 5.32% of the total ownership after the change of the non-controlling interest (Note 1).  Non-controlling interest also consists of 49% of the total ownership of the newly formed subsidiary, Laoting County Kejian Concrete Co. Ltd., which is owned by two other individuals. As of August 31, 2011 and May 31, 2011, the balance of non-controlling interset was $4,124,541 and $2,904,590, respectively.

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Related Party Transactions

3 Months Ended

Aug. 31, 2011

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

10. Related Party Transactions

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Total outstanding amount of related party payable was $270,873 and $296,325 as of August 31, 2011 and May 31, 2011, respectively. These payables bear no interest and have no fixed payment terms. Currently, the related party payable consists of the following:

	August 31, 2011		May 31, 2011
Yang Rong (CEO)	$	270,873	$	151,711
Xiuqiong Long		-		144,614
Total	$	270,873	$	296,325

Total outstanding amount of related party receivables was $0 and $0 as of August 31, 2011 and May 2011, respectively.

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Property, Plant and Equipment

3 Months Ended

Aug. 31, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

8. Property, Plant and Equipment

Plant and equipment consist of the following:

	August 31, 2011			May 31, 2011
Office trailers	$	813,579		$	798,993
Machinery and equipment		2,877,680			2,840,269
Machinery and equipment, capital lease		5,629,334			6,348,228
Motor vehicles		525,095			499,808
Motor vehicles, capital lease		284,963			279,854
Furniture and office equipment		633,029			601,619
Construction in progress		2,499,997			1,906,796
Total property, plant and equipment		13,263,677			13,275,567
Accumulated depreciation		(2,333,791	)		(2,685,392	)
Accumulated depreciation, capital lease		(1,682,203	)		(1,691,182	)
Net property, plant and equipment	$	9,247,683		$	8,898,993

Depreciation expense included in general and administrative expenses for the three months ended August 31, 2011 and 2010 was $75,301 and $68,803, respectively. Depreciation expense included in cost of sales for the three months ended August 31, 2011 and 2010 was $335,417 and $361,520, respectively.

Construction in progress represents direct costs of construction and design fees incurred for the Company’s new project in Tangshan. All construction costs associated with this project are accumulated and capitalized as construction in progress. The construction in progress is closed out to the appropriate asset classification when the project is substantially complete, occupied, or placed into service. No depreciation is provided until it is completed and ready for its intended use.

On February 28, 2010, we sold construction in progress in Tangshan to an unrelated third party at a price of approximately $3.8 million. The amount is due in 4 annual equal installments starting September 1, 2010. As of May 31, 2010, the book value of the construction in progress sold was approximately $3.3 million. A gain from property, plant and equipment disposal of $496,816 was recorded.  Total other receivable for sales of Tangshan construction in progress was $2,927,062 and $2,874,586 as of August 31, 2011 and May 31, 2011, respectively.

After the Tangshan project was sold, construction in progress represents direct costs of construction and design fees incurred for the Company’s new location for the production facility in Beijing Daxing. Similar to the Tangshan project, all construction costs associated with this project are accumulated and capitalized as construction in progress.  The construction in progress is closed out to the appropriate asset classification when the project is substantially complete, occupied, or placed into service.  No depreciation is provided until it is completed and ready for its intended use.

Interest costs totaling $0 were capitalized into construction in progress for the three months ended August 31, 2011 and 2010.

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Nature of operations

3 Months Ended

Aug. 31, 2011

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Nature of Operations [Text Block]

1. Nature of Operations

China Infrastructure Construction Corporation (“China Infrastructure”), formerly Fidelity Aviation Corporation, was organized on February 28, 2003 as Fidelity Aircraft Partners LLC, a Colorado limited liability company (“Fidelity LLC”). On December 16, 2004, Fidelity LLC converted itself into Fidelity Aviation Corporation by filing a Statement of Conversion and Articles of Incorporation with the Colorado Secretary of State. Fidelity was formed to purchase large commercial (transport category) jet airframes, salvage the usable aircraft parts and components from them and sell the parts and components. The Board of Directors evaluated the future market for aircraft parts business and resolved not to pursue this line of business anymore.

On October 8, 2008, China Infrastructure entered into and consummated the transactions contemplated under a Share Exchange Agreement with Northern Construction Holdings, Ltd., a Hong Kong limited company (“NCH”) and its shareholder pursuant to which China Infrastructure issued 1,200,000 (12,000,000 pre-reverse split) shares of  China Infrastructure common stock (the “Share Exchange”) in exchange for all issued and outstanding common stock of NCH.

The Share Exchange resulted in (i) a change in control of China Infrastructure with the shareholder of NCH owning approximately 78% of issued and outstanding shares of common stock of China Infrastructure, (ii) NCH becoming a wholly-owned subsidiary of China Infrastructure, and (iii) appointment of certain nominees of the shareholder of NCH as directors and officers of China Infrastructure and resignation of John Schoenauer as director, Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer of China Infrastructure.

As a result of the Share Exchange Agreement, Beijing Fortune Capital Management Co., Ltd. (“BFCM”), a 95% owned subsidiary of NCH, became our indirect majority-owned subsidiary.  Also as a result of the Share Exchange Agreement, Beijing Chengzhi Qianmao Concrete Co., Ltd., (“Beijing Concrete”), the operating company, and a 99.5% owned subsidiary of BFCM, also became our indirect majority-owned subsidiary.

For accounting purposes, the share exchange transaction was treated as a capital transaction where the acquiring corporation issued stock for the net monetary assets of the shell corporation, accompanied by a recapitalization. The accounting is similar in form to a reverse acquisition, except that goodwill or other intangibles are not recorded.  All references to NCH common stock have been restated to reflect the equivalent numbers of China Infrastructure common shares.

On January 15, 2010, Beijing Concrete increased its registered capital from RMB 15 million (approximately $2.2 million) to RMB 30 million (approximately $4.4 million) and BFCM increased its investment in Beijing Concrete accordingly. Its share capital increased from RMB 10 million (approximately $1.47 million) to RMB 15 million (approximately $2.2 million). As a result, BFCM owns 99.67% of Beijing Concrete from January 15, 2010.

On February 1, 2010, Beijing Concrete formed a subsidiary, Shaanxi Hongruida Concrete Ltd. (“Hongruida”) and contributed RMB 10 million (approximately $1.47 million) to its capital. Beijing Concrete is the sole shareholder of Hongruida. Hongruida was organized to implement the 10-year strategic cooperative agreement with one of the Company’s major clients, China Railway Construction Group Co., Ltd (“CRCG”). Under the Agreement, the Company and CRCG will jointly manage the concrete mixing stations to be operated by Hongruida. CRCG will provide the cement for manufacturing the concrete mix in such concrete mixing stations, and will be able to purchase the concrete mix at discounted prices. Also, in accordance with the Agreement, each party will lease certain equipment to the concrete mixing stations.  The Company and CRCG will share 75% and 25% of the annual profits of such concrete mixing stations in Xi’an. Hongruida commenced its operations at the end of March 2010.

On June 27, 2011, the Company formed a new subsidiary, Laoting County Kejian Concrete Co. Ltd, in Tangshan, Hebei Province. The new subsidiary is a joint venture with 51% owned by Beijing Concrete and 49% owned by two other individuals. The total registered capital is 12 million RMB, about USD $2.34 million.

When we refer in this report to business and financial information for periods prior to the consummation of the reverse acquisition, we are referring to the business and financial information of NCH on a consolidated basis unless the context suggests otherwise. 

The Company through its subsidiaries in Hong Kong and the People’s Republic of China (“PRC” or “China”), engages in the production of ready-mixed concrete for developers and the construction industry in the PRC. In addition, we have a technical service agreement with an independently owned concrete mixture station, pursuant to which we are paid by percentages of sales for technical support provided.

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Restricted Cash

3 Months Ended

Aug. 31, 2011

Disclosure Text Block Supplement [Abstract]

Cash and Cash Equivalents Disclosure [Text Block]

4. Restricted Cash

In accordance with the Escrow Agreement and the Subscription Agreement (note 15) signed by China Infrastructure Construction Corporation, Trillion Growth China General Partner and Anslow & Jaclin, LLP (the “Escrow Agent”) in October 2009, the Company was required to keep with the Escrow Agent $120,000 immediately on the Closing Date of the Subscription Agreement. This fund can only be disbursed when certain criteria are met. As of August 31, 2011 and May 31, 2011, the amount not disbursed was $4,801 and $10,868, respectively.

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Trade Accounts Receivable

3 Months Ended

Aug. 31, 2011

Payables and Accruals [Abstract]

Trade Accounts Receivable Disclosure [Text Block]

5. Trade Accounts Receivable

	August 31, 2011			May 31, 2011
Trade Accounts Receivable	$	43,566,286		$	32,787,147
Less : Allowance for Bad Debt		(83,591	)		(2,728,690	)
	$	43,482,695		$	30,058,457

	August 31, 2011			May 31, 2011
Long Term Accounts Receivable	$	39,685,234		$	38,973,730
Less : Allowance for Bad Debt		(8,729,668	)		(5,844,421	)
	$	30,955,566		$	33,129,309

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Cooperation with Institute of Building Materials (IBM)

3 Months Ended

Aug. 31, 2011

Commitments and Contingencies Disclosure [Abstract]

Commitments Disclosure [Text Block]

23. Cooperation with Institute of Building Materials (“IBM”)

On December 31, 2009, the Company reached a three year agreement with the Institute of Building Materials (“IBM”), a subsidiary of the China Academy of Building Research ("CABR"). Under the Agreement, CHNC will work exclusively with the Institute of Building Materials  to obtain technical research, development and support. The Institute of Building Materials will also provide training courses to CHNC employees. CHNC will feature the Institute of Building Materials as CHNC’s technological partner in its corporate material. The Institute of Building Materials will use its relationships and brand influence in the construction industry to assist CHNC in business development. The Company agrees to pay IBM approximately $51,000 each year.  As of August 31, 2011, the Company was committed to pay $34,068 for 2011 and $51,000 for calendar year 2012.

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Debt

3 Months Ended

Aug. 31, 2011

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

13. Debt

Interest

Total interest expense and financial charges for the three months ended August 31, 2011 and 2010 on all debt amounted to $1,082 and $51,633, respectively. Total interest income for the three months ended August 31, 2011 and 2010 amounted to $511 and $544, respectively.

Capital Leases

The Company has entered into operating lease agreements for six mixing buildings, twenty-nine mixing trucks, two automobiles, and equipment which are located at various production facilities.  The leases were entered on or about May 2010 and will expire on various dates. Lease terms range from one year to three years, and annual interest rates range from 5.94% to 11.13%. The Company has been delinquent on some of the lease payments, which have yet to be resolved as of August 31, 2011.  Delinquency in lease payments may result in termination of the contracts.

The minimum future lease payments for this property at August 31, 2011 are shown in the following table:

		Lease Commitments
From	To	Buildings		Trucks		Automobiles		Equipment		Total
9/1/2011	5/31/2012	$	1,162,451	$	1,706,025	$	59,722	$	117,159	$	3,045,357
6/1/2012	5/31/2013		337,527		58,449		64,739		66,317		527,032
6/1/2013	5/31/2014		-		-		13,536		-		13,536
		$	1,499,978	$	1,764,474	$	137,997	$	183,476	$	3,585,925

The outstanding lease commitment as of August 31, 2011 was $3,585,925. Delinquent lease payments as of August 31, 2011 totaled $1,411,486.

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Other Receivables

3 Months Ended

Aug. 31, 2011

Receivables [Abstract]

Other Receivables Disclosure [Text Block]

6. Other Receivables

Other receivables in current assets amounted to $1,400,338 and $983,199 as of August 31, 2011 and May 31, 2011, respectively.

Other receivables in long term assets amounted to $2,819,509 and $2,197,961 as of August 31, 2011 and May 31, 2010, respectively.

As of August 31, 2011, other receivables includes $2.93 million related to a construction in progress disposal to an unrelated party. On February 28, 2010, we sold construction in progress in Tangshan to an unrelated third party at a price of approximately $3.8 million. The amount is due in 4 annual equal installments starting September 1, 2010. The receivable is unsecured, interest free, and with fixed repayment dates. It also includes insurance claims and deposits, that are from unrelated parties, interest free, unsecured, and with no fixed repayment date, and advances to employees for business purposes.

The allowances on the other accounts receivable are recorded when circumstances indicate collection is doubtful for particular accounts receivable.  The Company provides for allowances on a specific account basis. There is no provision made for the other receivables at August 31, 2011 and May 31, 2011.

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Employee Welfare Plan

3 Months Ended

Aug. 31, 2011

Compensation and Retirement Disclosure [Abstract]

Compensation and Employee Benefit Plans [Text Block]

16. Employee Welfare Plan

The Company has established its own employee welfare plan in accordance with Chinese law and regulations. The Company makes contributions to an employee welfare plan.  The total expense for the above plan was $22,747 and $2,141 for the three months ended August 31, 2011 and 2010, respectively.  In 2011, all branches of Beijing Concrete were in operation for the full year, whereas in 2010, Shi Du branch was in operation for three months, Jingxin branch Sand Stone Factory was for three months, Tanghai branch was for seven months, and Hongruida was for five months. More employees were employed in 2011 compared with 2010 and therefore employee welfare plan expense has increased substantially.

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Subsequent Events

3 Months Ended

Aug. 31, 2011

Subsequent Events [Abstract]

Subsequent Events [Text Block]

24. Subsequent Events

The Company has evaluated subsequent events through the date of the filing.

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Aug. 31, 2011	Aug. 31, 2010
Cash flows from operating activities
Net income (loss)	$ 3,358,557	$ 4,243,543
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:
Bad debt expenses	82,685	71,719
Depreciation	410,718	430,323
Shares issued for compensation	212,500	158,125
Stock option expenses	328,754	192,989
Changes in operating liabilities and assets:
Trade accounts receivable	(10,070,173)	(8,807,810)
Prepayments	440,539	(144,511)
Inventories	(537,833)	68,953
Other receivables	(1,345,035)	368,177
Deferred tax assets	117,361	0
Trade accounts payable	5,831,348	2,354,312
Other payables	237,290	740,799
Accrued expenses	115,773	657,045
Tax payable	1,510,664	0
Net cash provided by (used in) operating activities	693,148	333,664
Cash flows from investing activities:
Property, plant, and equipment additions	(207,332)	(105,145)
Payments to related party receivable	0	(93,134)
Proceeds from related party receivable	0	447
Net cash provided by (used in) investing activities	(207,332)	(197,832)
Cash flows from financing activities:
Cash contributed by non controlling interest of Laoting	908,599	0
Restricted cash	6,067	76,680
Payment to Bank loan payable and capital lease obligations	(383,722)	(415,664)
Proceeds from related party payable	0	0
Payments to related party payable	(1,011,116)	(233)
Net cash provided by (used in) financing activities	(480,172)	(339,217)
Effect of rate changes on cash	2,538	4,221
Net Increase (decrease) of cash and cash equivalents	8,182	(199,164)
Cash and cash equivalents beginning of year	136,702	1,102,879
Cash and cash equivalents end of period	144,884	903,715
Supplementary cash flow information:
Interest paid in cash	1,637	19,002
Income taxes paid in cash	0	0
Non-cash investing activities:
Acquisition of property, plant and equipment through other payable	259	0
Related party receivable offset by payable to related party payable	$ (270,873)	$ 0

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Income Tax

3 Months Ended

Aug. 31, 2011

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

17. Income Tax

The following table reconciles the U.S. statutory rates to the Company’s effective tax rate for the three months ended August 31, 2011 and 2010:

	2011			2010
U.S. Statutory rates		34.0	%		34.0	%
Foreign income not taxable in USA		(34.0	)%		(34.0	)%
China income taxes		25.0	%		25.0	%
China income tax exemption		3.6	%		(16.2	)%
Total provision for income taxes		28.6	%		8.8	%

USA

The Company and its subsidiaries are subject to income taxes on an entity basis on income arising in, or derived from, the tax jurisdiction in which they operate. As the Group has only net loss generated in the United States, there was no tax expense or tax liability due to the Internal Revenue Service of the United States as of August 31, 2011 and May 31, 2011.  The Group believes that the realization of the benefits arising from this loss appears to be uncertain due to its limited operating history and continuing losses for United States income tax purposes.  Accordingly, the company has provided 100% valuation allowance at the period end for its United States operation.

Hong Kong

As the Group has no income generated in Hong Kong, there was no tax expense or tax liability due to the tax rule of Hong Kong as of August 31, 2011 and May 31, 2011.

People’s Republic of China (PRC)

Under the Income Tax Laws of the PRC, the Company’s subsidiaries are generally subject to an income tax at an effective rate of 25% on income reported in the statutory financial statements after appropriate tax adjustments. The Company is charged at 25% from January 1, 2011 to August 31, 2011 and 0% income tax expense for calendar year 2010. The exemption of income tax to the Company lasted until December 31, 2010 and from year 2011, the Company is subject to an income tax at an effective rate of 25%. The Company over accrued income tax and therefore total provision for income tax is over 25%. The current income tax expense and deferred tax expense for the three months ended August 31, 2011 and 2010 are as follows:

	August 31, 2011		August 31, 2010
Current income tax	$	1,213,796	$	406,755
Deferred tax expense		117,361		-
Income tax	$	1,331,157	$	406,755

The Company adopted accounting policies in accordance with U.S. GAAP with regard to provisions, reserves, inventory valuation method, and depreciation that are consistent with requirements under Chinese income tax laws.  The Company had deferred tax assets of $1,957,498 and $2,038,913 as of August 31, 2011 and May 31, 2011, respectively, from its Chinese operations, mainly due to bad debt allowance.

	2011		2010
Deferred tax assets, China subsidiary	$	1,957,498	$	2,038,913
bad debt allowance		-		-
Valuation allowance		-		-
Total	$	1,957,498	$	2,038,913

The exemption of income tax to the Company lasted until December 31, 2010 and from year 2011, the Company is subject to an income tax. As such, the estimated tax savings due to the tax exemption for the three months ended August 31, 2011 and 2010 amounted to approximately $0 and $1,229,473, respectively. The net effect on earnings per share if the income tax had been applied would decrease the basic and diluted earnings per share for the three months ended August 31, 2011 by $0 and $0, respectively. The net effect on earnings per share if the income tax had been applied would decrease the basic and diluted earnings per share for the three months ended August 31, 2010 by $0.10 and $0.10, respectively.

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Earnings Per Share

3 Months Ended

Aug. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

19. Earnings Per Share

The following is a reconciliation of the basic and diluted earnings per share for the three months ended August 31, 2011 and 2010:

	2011		2010
Net income (loss) for earnings per share	$	3,100,787	$	3,976,449
Weighted average shares used in basic computation		13,020,294		12,929,370
Diluted effect of warrants and options		-		-
Weighted average shares used in diluted computation		13,020,294		12,929,370
Earnings (loss) per share, basic	$	0.24	$	0.31
Earnings (loss) per share, diluted	$	0.24	$	0.31

Weighted average stock prices for the three months ended August 31, 2011 and 2010 are lower than warrants and option exercise prices (disclosed in note 15) so there is no diluted effect.

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Basis of Presentation

3 Months Ended

Aug. 31, 2011

Accounting Policies [Abstract]

Basis of Accounting [Text Block]

2. Basis of Presentation

The accompanying financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). This basis differs from that used in the statutory accounts of the Company, which were prepared in accordance with the accounting principles and relevant financial regulations applicable to enterprises in the PRC.  All necessary adjustments have been made to present the financial statements in accordance with US GAAP.

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Other Payables

3 Months Ended

Aug. 31, 2011

Other Payables [Abstract]

Other Payables [Text Block]

11. Other Payables

Other payables in current liabilities consist of the following as of August 31, 2011 and May 31, 2011:

	August 31, 2011		May 31, 2011
Commission payable	$	952,104	$	814,224
Payable to CRCG (note 1)		423,047		311,035
Beijng Xin Hai Wang Yue Commercial Ltd.		1,116,273		1,250,191
Staff  and other companies deposit		1,418,103		1,119,464
Total other payables	$	3,909,527	$	3,494,914

Commission expense has been included in cost of goods sold.

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Shareholder's Equity

3 Months Ended

Aug. 31, 2011

Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

15. Shareholder’s Equity

Reverse Stock Split

On September 28, 2009, the Company effectuated a 1-for-10 reverse stock split of the Company’s common stock, with no par value (the “Common Stock”) (the “Reverse Split”). Upon the Reverse Stock Split, ten (10) shares of the outstanding Common Stock were automatically converted into one (1) share of Common Stock. The Reverse Stock Split, however, did not alter the number of shares the Company is authorized to issue, but only reduced the number of shares of its Common Stock issued and outstanding. Any fractional share issued as a result of the reverse split was rounded up. Immediately before the Reverse Split there were 15,295,500 shares of Common Stock issued and outstanding. Immediately after giving effect to the Reverse Split, there were 1,529,550 shares of Common Stock issued and outstanding. All statements are retroactively stated to show the effects of the Reverse Split as if it had occurred at the beginning of the first period presented.

Stock Issuance for Compensation

On June 1, 2010, the Company hired a consulting company. As compensation, the Company paid $45,000 and issued 115,000 shares of restricted common stock, and another 100,000 shares of restricted common stock will be issued upon certain terms. The shares are valued at market price of a total of $316,250 at $2.75 per share. The cash paid was first recorded as prepaid expenses. The shares issued are recorded as deferred consulting fee. Both the prepaid expenses and deferred consulting fee will amortize to expense over the agreement term of the six-month period. As of August 31, 2011, prepaid expenses for this service have a balance of $0 and deferred consulting fee has a balance of $0. On November 18, 2010, the Company hired an investor relations company. As compensation, the Company agreed to issue 30,000 shares of restricted common stock. The shares are valued at a market price of $77,700 at $2.59 per share. As of August 31, 2011, the shares have not been issued and the payable is included in the liabilities section of the balance sheet. On July 30, 2011, the Company issued to its legal counsel as compensation 250,000 shares of common stock, which shares are valued at $212,500.

Options

On December 17, 2009, we granted to the previous CFO options to purchase 300,000 shares of common stock, with an exercise price of $3.90 per share, which was the closest stock issuance price of the date of grant. The options will vest over 2 years and expire 3 years after the vesting date or after a termination date whichever is earlier. All the options were forfeited immediately when the CFO resigned the position on October 25, 2010.

On February 12, 2010, we granted to our CEO options to purchase 400,000 shares of common stock, with an exercise price of $3.90 per share. The options will vest over 2 years and no option can be exercised after 5 years from the vesting date.

The assumptions used in calculating the fair value of the above options granted using the Black-Scholes option- pricing model are as follows:

Risk-free interest rate	0.86%
Expected life of the options	2- 3 years
Expected volatility	45%
Expected dividend yield	0

On February 12, 2010, we granted three independent directors each, options to purchase 10,000 shares of common stock, with an exercise price of $3.90 per share. The options will vest over 1 year and no option can be exercised after 3 years from the grant date.

On March 22, 2010, we granted one independent director options to purchase 10,000 shares of common stock, with an exercise price of $3.90 per share. The options will vest over 1 year and no option can be exercised after 3 years from the grant date.

The assumptions used in calculating the fair value of options granted using the Black-Scholes option- pricing model are as follows:

Risk-free interest rate	0.35%
Expected life of the options	1-2 years
Expected volatility	45%
Expected dividend yield	0

On October 25, 2010, we granted to our newly appointed CFO options to purchase 150,000 shares of common stock, with an exercise price of $3.90 per share. The options will vest over 1 year and expire 3 years after the vesting date or after a termination date whichever is earlier.

The assumptions used in calculating the fair value of the above option granted using the Black-Scholes option- pricing model are as follows:

Risk-free interest rate	0.22%
Expected life of the options	3 years
Expected volatility	81%
Expected dividend yield	0

Following is a summary of the stock option activity:

	Options outstanding		Weighted Average Exercise Price		Aggregate Intrinsic Value
Outstanding, May 31, 2011		590,000	$	3.90	$	0.00
Granted		-		-		-
Forfeited		-		-		-
Exercised		-		-		-
Outstanding August 31, 2011		590,000	$	3.90	$	0.00

Following is a summary of the status of options outstanding at August 31, 2011:

Outstanding Options						Exercisable Options
Exercise Price		Number		Average Remaining Contractual Life in Years		Average Exercise Price		Number		Average Exercise Price
$	3.90		590,000		1.63	$	3.90		240,000	$	3.90

Warrants

On October 16, 2009, in connection with the Share Purchase Agreement in October 2009, the Company issued 153,846 warrants to Hunter Wise Financial Group, LLC, the Placement Agent. The warrants carry an exercise price of $3.90 and a 5-year term. The Warrants contain standard adjustment provisions upon stock dividend, stock split, stock combination, recapitalization, and a change of control transaction.

On March 22, 2010, in connection with the Share Purchase Agreement in March 2010, the Company issued 69,231 warrants to various parties as part of placement cost. The warrants carry an exercise price of $3.90 and a 5-year term. The Warrants contain standard adjustment provisions upon stock dividend, stock split, stock combination, recapitalization, and a change of control transaction.

On March 22, 2010, in connection with the Share Purchase Agreement in March 2010, the Company issued 1,281,083 warrants to October 2010 investors. The warrants carry an exercise price of $6.00 and a 3-year term. The Warrants contain standard adjustment provisions upon stock dividend, stock split, stock combination, recapitalization, and a change of control transaction.

Placement Agent Warrants meet the conditions for equity classification pursuant to FASB ASC 815 “Derivatives and Hedging” and EITF 00-19, “Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company's Own Stock.” Therefore, these warrants were classified as equity and accounted for as common stock issuance cost.

	Warrants Outstanding		Warrants Exercisable		Weighted Average Exercise Price		Average Remaining Contractual Life  in Years
Outstanding, May 31, 2011		1,504,160		1,504,160	$	5.69		2.05
Granted		-		-		-		-
Forfeited		-		-		-		-
Exercised		-		-		-		-
Outstanding, August 31, 2011		1,504,160		1,504,160	$	5.69		1.80

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CONSOLIDATED BALANCE SHEETS (USD $)	Aug. 31, 2011	May 31, 2011
ASSETS
Cash and cash equivalents	$ 144,884	$ 136,702
Restricted cash	4,801	10,868
Trade accounts receivable, net	43,482,695	30,058,457
Other receivables	1,400,338	983,199
Inventories	898,189	348,102
Total current assets	45,930,907	31,537,328
Long-term assets
Property, plant and equipment, net	9,247,683	8,898,993
Prepayments	15,069,391	15,240,990
Accounts receivable, net - long term	30,955,566	33,129,309
Deferred tax assets	1,957,498	2,038,913
Other receivables - long term	2,819,509	2,197,961
Total long-term assets	60,049,647	61,506,166
TOTAL ASSETS	105,980,554	93,043,494
LIABILITIES AND EQUITY
Trade accounts payable	18,239,412	13,114,202
Related party payable	270,873	296,325
Other payables	3,909,527	3,494,914
Current portion of capital lease obligations	3,005,993	3,171,246
Accrued expenses	977,780	980,075
Tax payable	8,050,387	6,401,831
Total current liabilities	34,453,972	27,458,593
Long-term liabilities
Long-term portion of capital lease obligations	360,291	515,662
Total long-term liabilities	360,291	515,662
TOTAL LIABILITIES	34,814,263	27,974,255
EQUITY
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock, no par value, 100,000,000 shares authorized; 13,180,120 and 12,930,620 shares issued and outstanding as of August 31, 2011 and May 31, 2011, respectively	43,820,320	43,279,066
Retained earnings	17,878,893	14,778,106
Accumulated other comprehensive income	5,342,537	4,107,477
Total China Infrastructure Construction Corporation Stockholder's Equity	67,041,750	62,164,649
Non-controlling interests	4,124,541	2,904,590
TOTAL EQUITY	71,166,291	65,069,239
TOTAL LIABILITIES AND EQUITY	$ 105,980,554	$ 93,043,494