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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001116502-01-500127.txt : 20010402
<SEC-HEADER>0001116502-01-500127.hdr.sgml : 20010402
ACCESSION NUMBER:		0001116502-01-500127
CONFORMED SUBMISSION TYPE:	NT 10-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20001231
FILED AS OF DATE:		20010330

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA RESOURCES DEVELOPMENT INC
		CENTRAL INDEX KEY:			0000793628
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190]
		IRS NUMBER:				870263643
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 10-K
		SEC ACT:		
		SEC FILE NUMBER:	000-26046
		FILM NUMBER:		1586163

	BUSINESS ADDRESS:	
		STREET 1:		ROOM 2105, 21/F., SHUN TAK CENTRE
		STREET 2:		200 CONNAUGHT ROAD C., WEST TOWER
		CITY:			CENTRAL HONG KONG
		STATE:			H9
		ZIP:			00000
		BUSINESS PHONE:		011-852-2810-7205

	MAIL ADDRESS:	
		STREET 1:		C/O ATLAS PEARLMAN
		STREET 2:		350 E LAS OLAS BLVD., SUITE 1700
		CITY:			FT. LAUDERDALE
		STATE:			FL
		ZIP:			33302

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MAGENTA CORP
		DATE OF NAME CHANGE:	19940217
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 10-K
<SEQUENCE>1
<FILENAME>crdi-nt10k.txt
<DESCRIPTION>NOTIFICATION OF LATE FILING
<TEXT>

                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

[X] Form 1O-KSB   [ ] Form 11-K   [ ] Form 10-QSB   [ ] Form N-SAR
For Period Ended: December 31, 2000

[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR

For the Transition Period Ended:
                                ------------------------------------------------
         Read Attached Instruction Sheet Before Preparing Form.  Please Print or
         Type.

         Nothing in this form shall be construed to imply that the Commission
         has verified any information contained herein.

         If the notification relates to a portion of the filing checked above,
         identify the Item(s) to which the notification relates:


 Part I - Registrant Information


         Full Name of Registrant:              CHINA RESOURCES DEVELOPMENT, INC.
                                   ---------------------------------------------
         Former Name if Applicable:
                                    --------------------------------------------
          Room 2105, West Tower, Shun Tak Centre, 168-200 Connaught Road Central
         -----------------------------------------------------------------------
         Address of Principal Executive Office (Street and Number)
          Hong Kong
         -----------------------------------------------------------------------
         City, State and Zip Code




                                        1

<PAGE>



Part II - Rules 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b) [Paragraph 23,047],
the following should be completed. (Check box, if appropriate)

[X]      (a)      The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;

[X]      (b)      The subject annual report, semi-annual report, transition
report on Form 10-K/SB, Form 20-F, 11-K or Form N-SAR, or portion thereof will
be filed on or before the fifteenth calendar day following the prescribed due
date; or the subject quarterly report or transition report on Form 10-Q, or
portion thereof will be filed on or before the fifth calendar day following the
prescribed due date; and [Amended in Release No. 34- 26589 (Paragraph 72,435),
effective April 12, 1989, 54 F.R. 10306.]

[  ]     (c)      The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.

Part III -  Narrative

State below in reasonable detail the reasons why the Form 1O-K, 20-F, 11-K,
10-Q, N- SAR, or the transition report or portion thereof could not be filed
within the prescribed time period. [Amended in Release No. 34-26589 (Paragraph
72,435), effective April 12, 1989, 54 F.R. 10306.]

         The Form 10-KSB could not be filed within the prescribed time because
         additional time is required for completion of consolidation of
         financial statements and currency translation.


Part IV - Other Information

         (1)      Name and telephone number of person to contact in regard to
this notification:

           Wong Wah On                                     (852) 2810-7205
         -----------------------------------------------------------------------
         (Name)                                    (Area Code)(Telephone Number)




                                        2

<PAGE>


         (2)      Have all other periodic reports required under Section 13 or
15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter period
that the registrant was required to file such report(s) been filed? If the
answer is no, identify report(s).

                            [X] Yes                          [ ]No

         (3)      Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?

                            [X] Yes                          [ ]No

         If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.

         The Registrant anticipates that it will incur a year-end net loss of
approximately US$2.5M, compared to a net loss of US$845,000 for the year ended
December 31, 1999. The anticipated increase in net loss is attributable to
decreased revenues following a restructuring of the Registrant, and a decrease
in income from trading of marketable securities.

                        CHINA RESOURCES DEVELOPMENT, INC.
                        ---------------------------------
                  (Name of Registrant as specified in charter)

has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.



Date:    March 30, 2001                            By: /s/ Tam Cheuk Ho
                                                       -------------------------
                                                        Tam Cheuk Ho, Chief
                                                        Financial Officer






                                        3

<


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