THT Heat Transfer Technology, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported operating income of $847,000, income before income taxes of $662,000, net income attributable to the equity stockholders of $504,000 or $0.02 per share on sales revenue of $12,508,000 against operating income of $199,000, loss before income taxes of $89,000, net income attributable to the equity stockholders of $122,000 or $0.01 per share on sales revenue of $10,310,000 for the same period a year ago.

Net cash used in operating activities for the nine months was $4,338,000 against $14,163,000 for the same period a year ago. Net cash used in operating activities decreased compared to the same period in 2011, mainly attributable to the fact that collections from trade customers were relatively high in the 2012 period which was a result of installment payments being made by the Company's customers, credit sales granted to customers decreasing as a result of decreased turnover, and other receivables prepayment and deposits decreasing due to reduced cash advances to staff and prepayment to trade suppliers for the nine month period ended in September 30, 2012.

The company provides earnings guidance for the fourth quarter of 2012. The company expects to generate sales revenue in the range of $11 million to $13 million in the fourth quarter 2012 compared with $19.2 million in the fourth quarter 2011. This represents the company's preliminary view, and is subject to change.