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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001116502-03-000871.txt : 20030515
<SEC-HEADER>0001116502-03-000871.hdr.sgml : 20030515
<ACCEPTANCE-DATETIME>20030515101121
ACCESSION NUMBER:		0001116502-03-000871
CONFORMED SUBMISSION TYPE:	NT 10-Q
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030331
FILED AS OF DATE:		20030515
EFFECTIVENESS DATE:		20030515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA RESOURCES DEVELOPMENT INC
		CENTRAL INDEX KEY:			0000793628
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190]
		IRS NUMBER:				970263643
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26046
		FILM NUMBER:		03701462

	BUSINESS ADDRESS:	
		STREET 1:		ROOM 2105 WEST TOWER SHUN TAK CENTRE
		STREET 2:		168-200 CONNAUGHT ROAD CENTRAL
		CITY:			SHEUNG WAN HONG KONG
		BUSINESS PHONE:		011-852-28

	MAIL ADDRESS:	
		STREET 1:		C/O BAKER & HOSTETLER
		STREET 2:		P O BOX 112
		CITY:			ORLANDO
		STATE:			FL
		ZIP:			32802

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MAGENTA CORP
		DATE OF NAME CHANGE:	19940217
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 10-Q
<SEQUENCE>1
<FILENAME>chinaresources-nt10q.txt
<DESCRIPTION>NOTIFICATION OF LATE FILING
<TEXT>


                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 12B-25

                           NOTIFICATION OF LATE FILING

[ ] Form 10-KSB       [ ] Form 11-K       [X] Form 10-QSB        [ ] Form N-SAR

For Period Ended: March 31, 2003

[ ]      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: _______________________

<PAGE>

                                     PART I
                             REGISTRANT INFORMATION

Full name of registrant: China Resources Development, Inc.
Former name if applicable:
_____________________________________________________________________

Address of principal executive office (Street and Number)

    Room 2105, 21/F, West Tower, Shun Tak Centre, 200 Connaught Road Central
_____________________________________________________________________

City, state and zip code

    Hong Kong

_____________________________________________________________________


                                     PART II
                             RULE 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), 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-KSB, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or before
the 15th calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-QSB, or portion thereof will be
filed on or before the fifth calendar day following the prescribed due date; and

[ ] (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 why the Form 10-KSB, 11-K, 20-F, 10-QSB,
N-SAR or the transition report or portion thereof could not be filed within the
prescribed time period. (Attached extra sheets if needed.)

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

<PAGE>

                                     PART IV
                                OTHE 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)   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?

                                                                  [ ] Yes [X] 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.

                        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: May 14, 2003                                By: /s/ Ching Lung Po
                                                      Ching Lung Po, President

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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